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ad-work [718]
3 years ago
15

Edwards Company manufactures low-cost wooden chairs and uses activity-based costing. The following information is for the month

of March. Activity Estimated Indirect activity costs Allocation base Estimated quantity of allocation base Materials handling $ 3,500 Number of parts 5,000 parts Assembly 12,000 Number of parts 5,000 parts Packaging 5,750 Number of chairs 1,250 chairs Each chair consists of 4 parts and the direct materials cost per chair is $7.00. Based on the information given for Edwards Company, what is the total manufacturing cost per chair
Business
1 answer:
Airida [17]3 years ago
3 0

Answer:

$37.80

Explanation:

Particulars                                           Amount       Calculations

Direct materials                                    $7.00

Handling                                               $2.80          ($3,500/5,000*4 parts)

Assembling                                           $9.60          ($12,000/5,000*4 parts)

Packaging                                             <u>$18.40 </u>        ($5,750/1,250*4 parts)

Total manufacturing cost per chair   <u>$37.80</u>

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Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software
Whitepunk [10]

Answer:

Tech Solutions

1. The predetermined overhead rate is:

= $6

2. The total job cost for the Xavier Company engagement is:

= $79,470

Explanation:

a) Data and Calculations:

Estimated direct labor-hours for the year = 55,000

Estimated fixed overhead cost = $302,500

Estimated variable overhead cost ($0.50 per DLH) = $27,500

Total overhead costs = $330,000 ($27,500 + $302,500)

Actual overhead cost for the year = $321,300

Actual total direct labor-hours = 58,850

Predetermined overhead rate = $6 ($330,000/55,000)

Xavier Company's Job:

Direct materials $ 50,850

Direct labor cost $ 27,300

Direct labor hours worked 220

Applied overhead = $1,320 ($6 * 220)

Total job cost = $79,470

6 0
2 years ago
In a command economy, the __________ either makes most economic decisions itself or at least strongly influences how the decisio
Nonamiya [84]

In a command economy, the <u>government</u> either makes most economic decisions itself or at least strongly influences how the decisions are made. group of answer choices.

Economic decisions involve production, distribution, exchange, consumption, saving, and investment of economic resources. Private and Public Goals. Economic decisions are made to serve the goals of individuals and private organizations (private goals) and society as a whole (public goals).

In reality, economics is a vitally important subject because it is the study of making choices. More specifically, it is the study and practice of making choices in a world of limited resources (scarcity). You cannot go for a day without making economic decisions.

learn more about Economic decisions here

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5 0
11 months ago
PLEASE HELP ME!
cestrela7 [59]
If I'm not mistaken the answer is B - demographics
8 0
3 years ago
Read 2 more answers
A. how much would the firm’s revenue change if it lowered price from $12 to $10? is demand elastic or inelastic in this range?
Alekssandra [29.7K]
Its InElastic Because It Lowered Hope It Helped :)
8 0
3 years ago
Manny and Irene will be retiring in fifteen years and would like to buy a Mexican villa. The villa costs​ $500,000 today, and ho
ki77a [65]

Answer:

Annual deposit= $37,714.37

Explanation:

Giving the following information:

The villa costs​ $500,000 today, and housing prices in Mexico are expected to increase by​ 6% per year. Manny and Irene want to make fifteen equal annual payments into an​ account, starting​ today, so there will be enough money to purchase the villa in fifteen years.

The account earns​ 10% per​ year.

First, we need to calculate the final value of the house with the following formula.

FV= PV*(1+i)^n

FV= 500,000*(1.06^15)=$1,198,279.1

Now, we can calculate the annual payments required:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,198,279.1*0.10)/[(1.10^15)-1]

A= $37,714.37

6 0
3 years ago
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